Showing 1 - 10 of 48
Persistent link: https://www.econbiz.de/10011785667
Persistent link: https://www.econbiz.de/10003329519
Persistent link: https://www.econbiz.de/10001481825
Persistent link: https://www.econbiz.de/10001762527
Persistent link: https://www.econbiz.de/10001234070
Persistent link: https://www.econbiz.de/10012208809
Persistent link: https://www.econbiz.de/10011802668
The paper tests Hotelling's prediction that scarcity rent for a nonrenewable resource will rise at the rate of discount in a market equilibrium. We perform the test using data for old-growth timber, a resource that is effectively nonrenewable. In contrast to previous studies, for this resource a...
Persistent link: https://www.econbiz.de/10014059904
Persistent link: https://www.econbiz.de/10013383837